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Top Stories for the Week of April 30, 2007
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Rivals Lift ABN Amro Offer to Nearly $99B
AMSTERDAM-A consortium including Barclays’ chief rival, Royal Bank of Scotland, offers 13% more to buy ABN Amro, providing LaSalle Bank remains.

C$2.3B Ventas, Sunrise Merger Complete
TORONTO-After months of uncertainty about the merger, which included a competing offer and two court cases, Ventas will add 77 properties to its portfolio.

JER To Buy Highland Hospitality for $2B
McLEAN, VA-Highland portfolio focuses primarily on the upscale full-service and premium limited-service and extended stay segments.

Chrysler Plans $1.8B Industrial Investment
AUBURN HILLS, MI-The automaker is going to build two new plants, a new $300 million paint shop and upgrades to the existing plants in Warren, MI.

Colonial Sheds 10M SF to JV in $1.7B Deal
BIRMINGHAM, AL-Colonial Properties plans to pass 85% interest in 26 office assets to DRA Advisors and 11 retail properties to Och-Ziff.

Formation, JER Raises Bid to $1.7B
NEWTOWN SQUARE, PA-Amidst contention over the bidding process, the private equity partnership adds $1.25 per share to its original offer.

Group Pays Accor $1.3B for Economy Hotel Chain
PARIS-The deal, involving Citi’s Global Special Situations Group and Westbridge Hospitality Fund, comprises 326 Red Roof Inn properties in the US.

More of EOP’s CBD Assets Going to Morgan Stanley
SAN FRANCISCO-The company confirms it is buying a total of 10 CBD office properties from Equity Office Properties and details who won the management and leasing work.

Icahn Selling AREP Casinos, Land for $1.3B
LAS VEGAS-The deal includes the Stratosphere casino resort on the Las Vegas Strip, 17 acres of Strip land, two off-Strip hotel-casinos and a casino resort in Laughlin, NV.

Carrefour to Buy Atacadao for $1B-Plus
SAO PAULO-The acquisition will add 34 discount hypermarkets to the 401 stores the Paris-based retailer already operates in Brazil under three brands.

Reservoir Pays $1B for Ritchie Capital Assets
GENEVA, IL-The local company is liquidating its Multi-Strategy Fund, selling off at least half of its assets to New York City-based Reservoir Capital Group.

Inland Western, Morgan Stanley Form $1B JV
OAK BROOK, IL-Inland Western Real Estate Trust Inc. and Morgan Stanley Real Estate are forming a $1-billion joint venture to purchase and manage retail properties.

Blackstone Closes Sale of San Fran Buildings
SAN FRANCISCO-The $2.43-billion sale to Morgan Stanley includes 2.94 million sf in seven office developments, including One Market, a 1.4-million-sf development.

FCRC Halts Demolition for Atlantic Yards
BROOKLYN, NY-After yesterday’s unplanned building collapse, the Atlantic Yards developer has opted to halt work until the event has been investigated.

SL Green Completes $547M of Transactions
NEW YORK CITY-The company completes $268 million of acquisitions and $251.5 million in dispositions, and a $27-million recapitalization.

Blackstone Puts More Bay Area Assets Up for Sale
SAN FRANCISCO-The private equity firm retains Jones Lang LaSalle and CB Richard Ellis to sell class A office developments in Concord, San Ramon and Pleasanton.

24-Branch Citibank Retail Portfolio Up for Bids
NEW YORK CITY-The sale-leaseback deal totals 214,000 sf, with several prime locations in Manhattan.

Speakers See Brighter Future, Better Opportunities
NEW YORK CITY-At RealShare Net Lease Wednesday panelists saw an end to the cap rate compression and better buy opportunities in the wings as capital continues to chase deals.

Print Top Stories

Regional Coverage
Northeast     Print Full Region
Hilton Casino Readies Major Expansion
Tishman To Construct New Revel Mega-Resort
The Edge Lands $660M Financing for Construction
TC Residential Unveils $400M Redevelopment
$370M Filene’s Expansion Moves Closer to Reality
Bristol Group To Market $300M NOMA Site
House Receives TRIA Extension Proposal
NYS Court Strikes Down Tenant Protection Law
Experts Make a Solid Business Case for Green
Southwest     Print Full Region
Brinker Plans Include Dozens of Locations
Developer Readies $500M Mixed-Use Project
Developer Details Plans for $149M Land Buy
$100M Office Breaches Preleasing Threshold
JV Ending $100M Plan With 328-Unit Project
CalSTRS-Backed JV Eyes 500,000-SF-Plus Plan
Another Building Starts for 2M-SF Spec Plan
Midwest     Print Full Region
Four 50-Story Apartment Towers Trade for $470M
JV to Develop Up to $400M in Centers
Taubman Acquires Majority of Pier at Caesars
Hotel Construction Starts at 27-Acre Project
140,000-SF Store To Anchor Lifestyle Center
Insurance Firm Starts on New 138,000-SF HQ
West Coast     Print Full Region
Dividend Capital, DDR Form Joint Venture
Buchanan Closes $414M Value-Added Fund
Four Seasons Hotel, Condos Moving Forward
CityCenter Cost Rises $400M, Condo Sales Continue
MGM Mirage Bets $160M on South-End Resort
$95M Apartment Complex Under Way in Mission Bay
FBI Scraps Plans for New HQ on Wilshire Site
Southeast     Print Full Region
$250M Waterfront Project Moves Closer to Reality
Developer Pencils $150M Redevelopment for GM Site
$225M Refinances 1M-SF Regional Mall
Demand Pushes Second Phase of $660M Project
Dirt Moves on 602,721-SF Green Office Project
970,000-SF Industrial Property Trades for $29M
Around The Globe     Print Full Region
Orco, Morgan Stanley Buy GSG Portfolio for $544M
New Songdo Project Targets Commercial, Res Tenants
ING, Chartwell Partner on $245M Portfolio Buy
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: Goodwin Procter's John Haggerty
ViewPoints: US Lodging Activity Heats Up


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